Summary: "The Family Business" Its Governance for Sustainability" by Fred Neubauer and Alden G Lank скачать в хорошем качестве

Summary: "The Family Business" Its Governance for Sustainability" by Fred Neubauer and Alden G Lank

Summary of "The Family Business" Its Governance for Sustainability by Fred Neubauer and Alden G. Lank • Since the beginning of Western civilization, the family business has helped drive economic development. • While family businesses have a higher failure rate than other businesses, those that succeed are generally more successful in providing value. • A family business is any business association in which a family has voting control. • Even when a family doesn’t have voting control, it can still play a major role in influencing the business through its vision and cultural heritage. • Family businesses have excellent management development systems, treat employees fairly and have a strong sense of social responsibility. • Family businesses pass through three developmental stages: the founder stage, the sibling partnership stage and the cousin confederation. • The typical corporate governance structure of a family business consists of three key elements: the family and its institutions, the board of directors and top management. • CEOs of family businesses must assume multiple roles. • Sibling conflict is an ever-present challenge for family businesses. • Perhaps the most important and dangerous choice for any family business is the selection of the CEO.